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to buy a new house you take out a 25- year mortgage for $300,000. what will your monthly payments be if the interest rate on

to buy a new house you take out a 25- year mortgage for $300,000. what will your monthly payments be if the interest rate on your mortgage is an apr of 8 percent compounded monthly? use a spreadsheet to calculate your answer. now, calculate the portion of the 48th monthly payment that goes toward interest and the portion that goes toward the principal.

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